From May to June 2024, Luxe.CO Intelligence recorded 485 significant updates from 210 high-end beauty and fragrance brands/companies.

We are confident in the long-term development of the group in China and will further increase innovation investment with Estée Lauder China Innovation Research Center as the engine.

Kering Beauté Kering Beauté recently appointed Alexandr […]

It’s worth noting that in 2023, Yatsen Holding’s annual R&D expenses amounted to 110 million yuan, with the annual R&D expenditure ratio increasing from 2.4% in 2021 to 3.3%.

In 2023, Botanee expanded into overseas markets by establishing its Southeast Asia regional headquarters in Bangkok, Thailand.

Proya has announced its intention to explore opportunities for overseas expansion.

In January 2024, the actual sales volume in the mainland China market was very optimistic, and the group was very satisfied.

The major shareholder of Jiangsu Chuangjian Medical Technology Co., Ltd. is its founder and CEO, Qian Song, who directly holds 48.43% of Trautec’s shares.

The strong growth of 28.0% in the Chinese market is driving overall growth in the Asia-Pacific region, which has seen a 9.2% increase.

This report is based on a survey questionnaire conducted by Luxe.CO Intelligence collecting firsthand responses from 267 high-end skincare consumers.